GHCL Ltd

GHCL Q2 FY27: Revenue ₹821 Cr, PAT ₹127 Cr, EBITDA Margin 24.7% 📊

- Q2 FY27 revenue: Rs. 821 crore (Y-o-Y 11%, Q-o-Q 3%)

- Q2 FY27 PAT: Rs. 127 crore (Y-o-Y 19%, Q-o-Q -16%)

- Q2 FY27 EBITDA: Rs. 202 crore (Y-o-Y 16%, Q-o-Q -13%)

- Q2 FY27 EBITDA margin: 24.7% (vs 23.7% Q2 FY26, 100bps; vs 29.1% Q1 FY27, -450bps)

- New salt works at Zara Zumara: 17 lakh MT annual capacity, capex ₹350 cr

- Vacuum Salt live since Aug 2026: 1.7 lakh MT annual capacity, capex ₹195 cr

- Bromine live since Oct 2026: 2,400 MT annual capacity, capex ₹120 cr

- Salt capacity expansion: 2.5 lakh MT, capex ₹105 cr (6.0 to 8.5 lakh MTPA)

- India soda ash demand: ~2.5-3.0 lakh ton incremental every year (market growth 5-6%)

- Global soda ash pricing pressure likely to persist over next few quarters